Master Association Changes Nature of the Submitted Petition

Homeowners submitted a petition to remove the block of 92 votes currently allotted to the HIP Human Investment Project owner. This 92-block vote gives an outsider more voting power than any single homeowner, and has recently changed the outcome of the election.


EDGEWATER ISLE MASTER
Association

To: All Edgewater Isle Master Homeowners

From: Edgewater Isle Master Association

Date: December 22. 2008

Re: Edgewater Isle Master Special Meeting

This notice is to inform you of an upcoming Special Meeting of Members of the Edgewater Isle Master Association to be held on:

Tuesday, January 27, 2009
7:00 p.m.
Foster City Recreation Center
Gull Room
650 Shell Blvd., Foster City

The purpose of this meeting is regarding a petition to amend the Association's By-Laws and Declarations pertaining to how Directors are elected to the Edgewater Isle Master Association. Attached is an explanation regarding this petition and the reasons behind this issue. This Meeting will be an informational Meeting to determine if there is a need to begin the process of any amendment for the purpose of a Membership Vote.